The board of directors at Sky Gold Ltd. unanimously approved a bonus share issuance at a ratio of 9:1, following shareholders' nod through postal ballot. The Mumbai-based jeweler also reported a significant increase in net profit and total revenue in the second quarter of the current financial year. Sky Gold's managing director credits this success to product innovation, enhanced capacity utilization, and recent acquisitions. Despite a 5% decline in share price after the announcement, analysts have a 'buy' rating on the stock with a potential upside of 338%.